Chinese state media with the report, taxes on property reduced in Shanghai.
- Shanghai said on Monday it would reduce some taxes on real estate transactions effective from Dec. 1, a move that will support the local property market, according to state media report.
- Residents will be exempt from VAT when they buy a property for two years or more and sell it
Info comes via Reuters, more at the link.
This article was written by Eamonn Sheridan at www.forexlive.com.
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